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Argent IndustrialJSE:ART +3.85%72 Equity-to-Asset is 0.70 as of Mar. 2026, which is 3% above its 10-year median of 0.68. GuruFocus rates JSE:ART with a GF Score™ of 72/100 and a GF Value™ of R30.06 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 635 Steel companies, Argent Industrial ranks better than 72.76% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Argent Industrial's Total Stockholders Equity for the quarter that ended in Mar. 2026 was R2,040 Mil. Argent Industrial's Total Assets for the quarter that ended in Mar. 2026 was R2,903 Mil.
Therefore, Argent Industrial's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.70.
The historical rank and industry rank for Argent Industrial's Equity-to-Asset or its related term are showing as below:
JSE:ART'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.64 Med: 0.68 Max: 0.72
Current: 0.7
During the past 13 years, the highest Equity to Asset Ratio of Argent Industrial was 0.72. The lowest was 0.64. And the median was 0.68.
JSE:ART's Equity-to-Asset is ranked better than 72.76% of 635
companies
in the Steel industry
Industry Median: 0.54
vs JSE:ART: 0.70
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Argent Industrial Equity-to-Asset Related Terms
Argent Industrial Equity-to-Asset Historical Data
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The historical data trend for Argent Industrial's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
JSE:ART vs NUE, STLD, RS: Equity-to-Asset Comparison
For the Steel subindustry, Argent Industrial's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Argent Industrial Equity-to-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Argent Industrial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Argent Industrial's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Argent Industrial's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Argent Industrial (JSE:ART) has a Equity-to-Asset of 0.70 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Argent Industrial and its competitors. This is near median its historical median of 0.68. Over the past decade, Argent Industrial's Equity-to-Asset has ranged from 0.64 to 0.72. According to the industry distribution chart, Argent Industrial ranks #173 out of 635 companies in the Steel industry, placing it in the top 27.2%.
Is Argent Industrial's Equity-to-Asset too high?
Argent Industrial's current Equity-to-Asset of 0.70 is near median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 0.72. The Steel industry median Equity-to-Asset is 0.54. Argent Industrial's value of 0.70 is 29.6% above this industry median. Based on the distribution chart, Argent Industrial ranks #173 out of 635 companies in the Steel industry, which is above the industry midpoint. Overall, Argent Industrial has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argent Industrial's Equity-to-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Argent Industrial ranks #173 out of 635 companies for Equity-to-Asset. This puts Argent Industrial in the upper half of its industry. The industry median Equity-to-Asset is 0.54. Argent Industrial's value of 0.70 is 29.6% above this benchmark. Historically, Argent Industrial's own Equity-to-Asset has ranged from 0.64 to 0.72 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.54, Argent Industrial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Steel company?
The median Equity-to-Asset among Steel companies is 0.54, based on 635 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Argent Industrial's current Equity-to-Asset of 0.70 is 29.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Argent Industrial and its competitors. For the Steel industry, the median Equity-to-Asset is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argent Industrial's current Equity-to-Asset is 0.70, which is near median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argent Industrial stock overvalued right now?
Based on GuruFocus' analysis, Argent Industrial (JSE:ART) is currently considered Significantly Overvalued. The stock's GF Value™ is R30.06, compared to a current price of R40.50 — trading 34.7% above its estimated fair value. The current Equity-to-Asset is 0.70, which is near median its 10-year median of 0.68 and 29.6% above the Steel industry median of 0.54. Argent Industrial's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Argent Industrial (JSE:ART), the current Equity-to-Asset is 0.70 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Argent Industrial (JSE:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Argent Industrial stock appears to be overvalued.
The current stock price of R40.50 is trading 34.7% above its estimated GF Value™ of R30.06.
GuruFocus considers Argent Industrial to be Significantly Overvalued.
Key valuation signals for JSE:ART:
Equity-to-Asset: 0.70 (near median its 10-year median of 0.68)
GF Value™: R30.06 vs. price of R40.50 (34.7% above fair value)
Industry Position: 29.6% above the Steel median (#173 of 635)
No single metric tells the full story. See the JSE:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group's manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.
72GF Score
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